bendlund

Annaly Capital Management Selloff Overdone

In your opinion, is CMO in a significantly weaker position? Their leverage is slightly higher (around 10), but still nowhere near what Carlyle had.
Also, what is the effect on these companies of repurchase agreement maturity? I assume they can get a margin call whenever the market price of their securities declines, but do they also face the risk of not being able find new short term financing?